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Dec 13, 2012
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in china. so effectively what we did, we borrowed money from china to be able to send it back to china to be able to study problems there. let's get americans back to work. we took another $2.6 million to be able to train chinese prostitutes not to drink too heavily. i think we have a better use for american dollars. right now, america is facing a fiscal challenge a fiscal event. the problem resides not with americans being taxed too little, but government spending too much. we have a caucus that's dedicated to getting americans back to work, to bringing fiscal sanity into the process. and to never, ever forget it is not washington, d.c.'s money, it's the american people's money. let's stand up to them first rather than for more and bigger government. with that, i yield back. >> i thank the gentleman, so well said. jobs, the economy, economic growth. mrs. blackburn: we have to have economic growth. continuing to raise tax rates, continuing to escalate spending, doesn't do that. what we want to
in china. so effectively what we did, we borrowed money from china to be able to send it back to china to be able to study problems there. let's get americans back to work. we took another $2.6 million to be able to train chinese prostitutes not to drink too heavily. i think we have a better use for american dollars. right now, america is facing a fiscal challenge a fiscal event. the problem resides not with americans being taxed too little, but government spending too much. we have a caucus...
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Dec 31, 2012
12/12
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on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand if you have heard of that? i thought we would have more in the audience. the reason you have not heard of it is that it only allows from 1960 until 1975, when things did not go that well. the point of the example is that they don't last. they go on for a while and systems are prone to booma nd bust. -- boom and bust. we keep thinking the chinese one is going to last forever. this is going to last forever. it is going to slow down a lot more. why does that give us insight into the grove miracle? let me take
on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand...
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Dec 10, 2012
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we agreed and a lot of people say how are we going to compete with china and we can have the entire world at our disposal. under which the best people in the world can come to the u.s. and start businesses. >> then we have to focus on a special in the corporate tax reform to get the system which is simpler and promotes efficiency and these are for american businesses. then we have to and that will -- efficiency will be enormous. the next is an infrastructure investment to be made. in the context of the budget deal we are getting where we will spend less going forward. we have to think about what our values are and the most important things we can spend money are on infrastructure to make investments in the future rather than have short-term spending. and twin that with support for research, basic research and higher education and for education. if government does that and create some certainty, tell us what it will be. with respect to health care costs and energy costs. and then i think it will create the conditions under which businesses will be able to create a renaissance of american c
we agreed and a lot of people say how are we going to compete with china and we can have the entire world at our disposal. under which the best people in the world can come to the u.s. and start businesses. >> then we have to focus on a special in the corporate tax reform to get the system which is simpler and promotes efficiency and these are for american businesses. then we have to and that will -- efficiency will be enormous. the next is an infrastructure investment to be made. in the...
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Dec 10, 2012
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guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the pentagon and sequestration. that call it put the figure of the wars at $300 billion. guest: i think it is higher. it probably goes higher than that number. host: overall? guest: the oco funding got up to about $170 billion at its highest point. it is well in excess of $300 billion. we are probably talking close to a trillion dollars, depending on how you do the math. host: paul, are you in the military? caller: retired. host: go ahead. caller: we had a certain amount of money we had to spend on repair ports every quarter. we were told if you do not spend
guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the...
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Dec 24, 2012
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but competitors in china are, rush show were trading on a daily basis. -- my competitors in china and russia work training. this is a position of irritation of a triple jump. i was like a robot in the sense that everything i was doing, the hours i was putting in it, the morning, the afternoon, the evening, i trained all they basically. my first session, 10:00, i was basically of the rank by nine and my last session would be at 6:00-6:30. then i would go to the gym. i look back, no wonder i was in really good shape. >> where did that drive? how did that drive? where do you get that drive? >> we were talking earlier about the role of parents. when you had mentioned the tiger mom or the tiger parents, we did not have tiger parents. they were there to support me and be there in times when i needed a push culminated motivation. it is just one of those things when you have a passion and a vision. you do not see anything else. that is what drives you every day. >> you just got engaged. are you going to be a tiger mom. [laughter] >> looking at the way i was raised with a set of rules and just
but competitors in china are, rush show were trading on a daily basis. -- my competitors in china and russia work training. this is a position of irritation of a triple jump. i was like a robot in the sense that everything i was doing, the hours i was putting in it, the morning, the afternoon, the evening, i trained all they basically. my first session, 10:00, i was basically of the rank by nine and my last session would be at 6:00-6:30. then i would go to the gym. i look back, no wonder i was...
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Dec 27, 2012
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it gobbled up everything produced in japan and later in china. and for the american owners of these distant factories, they said their profits to wall street, a form of tribute to the global minotaur. what do bankers to when such a tsunami of capital comes their way daily? between $3 billion and $5 billion every week. they find ways to make it grow, to read -- to breed on their behalf. the us in 1985, 1990's, you saw an explosion of money minting on the back of the daily capital tsunami that floated to feed the global minotaur. just like its mythological predecessor, the global minotaur has kept the economy going for decades. until the pyramids of private money built on the tribute collapsed on their own weight. planet earth was simply not large enough to hold it so much private toxic money. money like a paper that burns down once the collapse begins. in this confederation, the -- in this conflagration, the global minotaur was wounded. while in rude health, the minotaur formed new forms of pleasure and new forms of deprivation. ample security for
it gobbled up everything produced in japan and later in china. and for the american owners of these distant factories, they said their profits to wall street, a form of tribute to the global minotaur. what do bankers to when such a tsunami of capital comes their way daily? between $3 billion and $5 billion every week. they find ways to make it grow, to read -- to breed on their behalf. the us in 1985, 1990's, you saw an explosion of money minting on the back of the daily capital tsunami that...
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Dec 20, 2012
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we have to protect them against china. mitt romney got something right in his debate against the president when he said he's not afraid of toughening sanctions against china for currency manipulation because he said, people say they're going to cut off the trade. they make an enormous amount of money out that have trade, why would they cut it off? agreed. why would the chinese shut down the navigation routes in which they make an enormous amount of money? it's like domino's deciding to tear up the streets so they couldn't deliver the pizza but we are spending money on a navy that protects every shipping lane everywhere in the world as if we were the only ones who had that interest. now let me get this one. surprising from conservatives. to airlift humanitarian aid anywhere in the world. now, i wish we were doing more in haiti. i wish we were doing more to stop children from dying of illness in africa. but we have to give humanitarian aid anywhere in the world to our wealthy allies and others? frankly i wish we were better
we have to protect them against china. mitt romney got something right in his debate against the president when he said he's not afraid of toughening sanctions against china for currency manipulation because he said, people say they're going to cut off the trade. they make an enormous amount of money out that have trade, why would they cut it off? agreed. why would the chinese shut down the navigation routes in which they make an enormous amount of money? it's like domino's deciding to tear up...
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Dec 27, 2012
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you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams like all the economy's got to a point where it had to be based on growth. it could not just be sustainable. it had to grow. and that meant more consumers. so, then, that led to a lot of things ecologically that were not good for the earth's, things that people did to maximize profits. so, that is one thing. is there the possibility there might be a new economy that is not based on growth? second, if you do not have consumer demand at the same level that he used to -- and of course, i think that is why. one of the pieces that you talked about is that americans are credible consumers come away more than eur
you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams...
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Dec 20, 2012
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plan b is not the way to go unless we are trying to get in second place to countries like china and others. if we want to stay in the lead, we need to get our fiscal house in order and reject this plan b. the speaker pro tempore: all time on the democratic side has expired. the gentleman from wisconsin has two minutes remaining. mr. ryan: mr. speaker, let's take a step back and remind us where we are. on january 1, if we do nothing, every american taxpayer will see a massive tax increase. that will dramatically hurt our economy and families. the next day, we'll face a 10% cut in our defense budget. americans chose divided government. whether it was intended or not. the president won. the house is still a republican house. we are going to have to find a way to make this work. this is what we are intending on doing today. we want to avert this crisis, this cliff. but that means beginning to get spending under control. that means to prevent as many tax increases hitting as many americans as possible. i mean this sincerely, my friend from maryland says we need a balanced approach. the presiden
plan b is not the way to go unless we are trying to get in second place to countries like china and others. if we want to stay in the lead, we need to get our fiscal house in order and reject this plan b. the speaker pro tempore: all time on the democratic side has expired. the gentleman from wisconsin has two minutes remaining. mr. ryan: mr. speaker, let's take a step back and remind us where we are. on january 1, if we do nothing, every american taxpayer will see a massive tax increase. that...
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Dec 20, 2012
12/12
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united states-china economic review commission. signed sincerely, karen l. haas. the speaker pro tempore: the chair will he want taint up to 15 requests for one-minute speeches on each side of the aisle. for what purpose does the gentlelady from kansas seek recognition? ms. jenkins: to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. ms. jenkins: growing up on a kansas dairy farm, i know the estate tax is a threat to family farms. this tax makes bailing hay and shoveling manure sound like a get rich quick scheme when most family farms make an average of $45,000 a year. raising the estate tax to 55% and dropping the exemption to $1 million, might sound feasible to a hedge fund manager but it will jeopardize the future of farmers and their families, forcing many to sell their farms they worked for generations on. many farmers are land rich but cash for poor. the average land value for 65,000 kansas farms is $900,000. throw in a $300,000 combine, a $250,000 tractor and kansas farmers are sud
united states-china economic review commission. signed sincerely, karen l. haas. the speaker pro tempore: the chair will he want taint up to 15 requests for one-minute speeches on each side of the aisle. for what purpose does the gentlelady from kansas seek recognition? ms. jenkins: to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. ms. jenkins: growing up on a kansas dairy farm, i know the estate tax is a threat to...
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Dec 17, 2012
12/12
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also he said he would like to stop the challenge from china over the disputed islands. will the u.s. support that division? >> first of all we would like to congratulate liberal democratic party presidential and so i -- election.'s the u.s.-japan airlines serves as a cornerstone of peace and prosperity in the asia-pacific and look forward to working closely with the new japanese prime minister, cabinet, and the people of japan for bilateral, regional, and global issues. i would also like to say the president appreciates prime minister nota's contributions to u.s.-japan relations on a number of issues and would like to thank the prime minister for his service and wish him well in his future endeavors. as you know, the new prime minister does not take office -- and i did not want to get ahead of that, before we start talking about potential meetings or policy discussions with him. >> you made the point about -- that that was not the day to talk about policy, talking about gun control. but we are looking for more specifics especially since the president said quite plainly
also he said he would like to stop the challenge from china over the disputed islands. will the u.s. support that division? >> first of all we would like to congratulate liberal democratic party presidential and so i -- election.'s the u.s.-japan airlines serves as a cornerstone of peace and prosperity in the asia-pacific and look forward to working closely with the new japanese prime minister, cabinet, and the people of japan for bilateral, regional, and global issues. i would also like...
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Dec 12, 2012
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wu, he was ordered legally deported back where he came from, back to china, but his home country, our good old buddies, the chinese, refused to take him back. they didn't want him, and so they stalled and stalled and stalled, and over those three years of chinese stalling and gave him the run-around, chen was eventually free and free to kill and kill he did. mr. speaker, this tragedy is not an isolated phenomena. flafflet, other americans have died as a result -- unfortunately, other americans have died as a result of a gaping hole in the immigration system. it's no secret that everybody believes our immigration system is broken. fixing it down the road will be complex and complicated, but there's some things we can do about immigration right now to fix specific problems and here's one of these. currently, mr. speaker, thousands of criminal aliens are in our country, just like chen, that have committed a crime, gone to prison, our immigration worked to order them deported but their country won't take them back. they refuse to do so, so those countries stall and delay and eventually ne
wu, he was ordered legally deported back where he came from, back to china, but his home country, our good old buddies, the chinese, refused to take him back. they didn't want him, and so they stalled and stalled and stalled, and over those three years of chinese stalling and gave him the run-around, chen was eventually free and free to kill and kill he did. mr. speaker, this tragedy is not an isolated phenomena. flafflet, other americans have died as a result -- unfortunately, other americans...
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Dec 17, 2012
12/12
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josh hicks reports -- guest: i just got back from china, and we talked about the electoral college there, and a state that have a problem with freedom, you know, and democracy. they can't figure it out. i tried to explain to them and they still wonder why do we still have this if we were this representative democracy and the people have their way. very interesting. host: how did you answer the question? guest: i tried to explain the foundation. the fact we have federalism and states have power and in this particular case it is the power to select a president. they did not want congress to do it. but they still cannot buy it, i don't think. host: on twitter -- asking to explain the historical justification and why do we need it now. guest: the justification for it at the founding was they did not want congress to make the selection of the president. they wanted to take away from the capital where maybe chicanery would occur and people would do deals. they wanted it to respect federalism, a federal election rather than a national legend. it was very explicit in the debate. and then there w
josh hicks reports -- guest: i just got back from china, and we talked about the electoral college there, and a state that have a problem with freedom, you know, and democracy. they can't figure it out. i tried to explain to them and they still wonder why do we still have this if we were this representative democracy and the people have their way. very interesting. host: how did you answer the question? guest: i tried to explain the foundation. the fact we have federalism and states have power...
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Dec 4, 2012
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if they understood that the highway fund is running a deficit, and having to borrow from china to fix the reds, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds of other taxes. as an elected official. i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one areif, if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to washington will be used there instead of new spending or broken spending programs. the lessons we look from
if they understood that the highway fund is running a deficit, and having to borrow from china to fix the reds, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds...
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Dec 19, 2012
12/12
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china comes to america. both can be found at theatlantic.com. thanks for joining us. we will take you live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the chair will receive a message. the messenger: mr. speaker, a message from the senate. the secretary: mr. speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the senate has agreed to s. res. 624, relative to the death of the honorable daniel k. inouye, senator from the state of ohio. -- hawaii. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recog
china comes to america. both can be found at theatlantic.com. thanks for joining us. we will take you live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro...
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Dec 18, 2012
12/12
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i want to start off with 9/11, syria, china and the 20 children. three examples, 9/11, syria, people assassinated. i need to understand why you diminished someone's comments with regard to the second amendment and the purpose of that. you have a master's degree. i don't understand. that said rather than being critical. the reality is horrible situation that happened. i don't defend anything that happened at the school, but that said, the individual going into a school with a shotgun, that said we could come back to the 1994 democratic vote. senator feinstein introduced the bill and you guys lost although h lost. i'll stop right there. those are three examples and i invite the listeners to look at the china situation in less than a week ago where ears, arms and fingers were cut off. what say you. guest: we do live in a society where we do feel protected and represented in government. i think that is something that maybe has diminished in the sense of the governments there. we do have a representative democracy and something we should be very, very p
i want to start off with 9/11, syria, china and the 20 children. three examples, 9/11, syria, people assassinated. i need to understand why you diminished someone's comments with regard to the second amendment and the purpose of that. you have a master's degree. i don't understand. that said rather than being critical. the reality is horrible situation that happened. i don't defend anything that happened at the school, but that said, the individual going into a school with a shotgun, that said...
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Dec 7, 2012
12/12
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now china is a big user. it is like any commodity. host: mr. sieminski, what are the major renewable energy source available to be developed in the eastern u.s., and how do we get them to get started? guest: the eastern united states energy resources, in the east coast of the u.s., we now have discovered there is a lot of natural gas. it basically starts in west virginia and runs up into pennsylvania and up into new york state. if we go back the last 100 years, pennsylvania and west virginia have been big producers of coal in the u.s. the oil industry started, the first well was drilled in pennsylvania back in 1859. the wind resources along the east coast, are being developed as well pro. probably the most exciting thing being developed in the east coast is a possibility there --uld b host: on the same question of what is out there, what is the u.s. energy independence status if all the offshore oil and anwar are included? guest: it goes to the answer that frank gave. all of the oil in the united states does not belong to the federal government
now china is a big user. it is like any commodity. host: mr. sieminski, what are the major renewable energy source available to be developed in the eastern u.s., and how do we get them to get started? guest: the eastern united states energy resources, in the east coast of the u.s., we now have discovered there is a lot of natural gas. it basically starts in west virginia and runs up into pennsylvania and up into new york state. if we go back the last 100 years, pennsylvania and west virginia...
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Dec 28, 2012
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stamps.t had food since china and russia when to communism because of starvation, it would be best to keep people do not have much money. one of the questions that i wanted to guess is you're not given any costs or payments -- let's see a mother or a child on food cards. how much per month do they get? according to my computer, they would not get enough to eat very well. host: thank you. guest: so, for a family of four, let's say, two adults, two children, the maximum benefit for a family of four would be $670 per month. it is in low-cost diet. that is why we likely see a lot of use of these programs along with other assistance. the caller is right that it is not the supplemental nutrition assistance program -- now the supplemental nutrition assistance program, but these are electronic benefitcards. host: as you deal with these issues, you also deal with obesity because often these families are eating less than healthy food or fast food. guest: that is true. it is complicating when you try to talk about them together. it is important that you remember that many of these food insecure
stamps.t had food since china and russia when to communism because of starvation, it would be best to keep people do not have much money. one of the questions that i wanted to guess is you're not given any costs or payments -- let's see a mother or a child on food cards. how much per month do they get? according to my computer, they would not get enough to eat very well. host: thank you. guest: so, for a family of four, let's say, two adults, two children, the maximum benefit for a family of...
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Dec 8, 2012
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i do think there is a level of naivete for americans that often compare what is going on in china to what is going on in the united states. having spent some time in the construction industry, there is a certain nimbleness to communism. there is the freedom of just taking over land because the country owns it all and they can say to citizens "we like this land and you leave." there is a speed and cost savings that does not allow us to compare what is going on in china today. economies are much different. our systems of government are much different. it would probably be helpful for the overall conversation to set aside those comparisons. i would like to focus on what is going on in california. can you give us an idea of what the real time line is that you expect it to be? how much more money will this cost the taxpayers to subsidize california's high speed rail? >> the investments that are being made in high-speed rail across america amount to a little over $10 billion so far. states are putting in their own money. california is certainly doing that. their assembly voted tto sell the
i do think there is a level of naivete for americans that often compare what is going on in china to what is going on in the united states. having spent some time in the construction industry, there is a certain nimbleness to communism. there is the freedom of just taking over land because the country owns it all and they can say to citizens "we like this land and you leave." there is a speed and cost savings that does not allow us to compare what is going on in china today. economies...